08:27 AM EDT, 07/28/2025 (MT Newswires) -- CenterPoint Energy ( CNP ) said Monday it is planning to offer $900 million in convertible unsecured senior notes due 2028 in a private placement to qualified institutional buyers.

CenterPoint said it also intends to offer initial purchasers of the notes up to an additional $100 million aggregate principal amount of convertible notes for settlement within 13 days of the date on which the convertible notes are first issued.

The notes will mature Aug. 1, 2028 unless converted into cash, shares of CenterPoint stock or a combination of cash and shares, or repurchased, the company said.

CenterPoint Energy ( CNP ) said it plans to use the net proceeds from the offering for general corporate purposes, including repaying a portion of its outstanding commercial paper and other debt.

CenterPoint shares were down 1.4% in recent Monday premarket activity.